First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Short Interest Up 274.6% in June

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 177,938 shares, an increase of 274.6% from the June 15th total of 47,503 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 533,655 shares, the short-interest ratio is currently 0.3 days.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

NYSEARCA UCON traded down $0.03 on Friday, reaching $24.80. The stock had a trading volume of 258,051 shares, compared to its average volume of 586,407. First Trust TCW Unconstrained Plus Bond ETF has a 1 year low of $24.41 and a 1 year high of $25.63. The business has a 50 day moving average price of $24.88 and a 200 day moving average price of $25.00.

Institutional Investors Weigh In On First Trust TCW Unconstrained Plus Bond ETF

Several large investors have recently made changes to their positions in the company. LPL Financial LLC raised its position in First Trust TCW Unconstrained Plus Bond ETF by 14.2% during the fourth quarter. LPL Financial LLC now owns 12,160,045 shares of the company’s stock valued at $306,068,000 after acquiring an additional 1,509,510 shares in the last quarter. Morgan Stanley increased its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 6.6% during the 4th quarter. Morgan Stanley now owns 8,336,565 shares of the company’s stock worth $209,831,000 after purchasing an additional 518,585 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 4.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,230,550 shares of the company’s stock worth $156,823,000 after purchasing an additional 286,822 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 5.4% during the 1st quarter. Royal Bank of Canada now owns 4,003,535 shares of the company’s stock valued at $99,168,000 after purchasing an additional 203,447 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 44.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,996,238 shares of the company’s stock valued at $100,689,000 after purchasing an additional 1,238,354 shares in the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Company Profile

The First Trust TCW Unconstrained Plus Bond ETF (UCON) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund, which broadly invests in various fixed income securities of almost any sector, maturity, or credit quality. UCON was launched on Jun 4, 2018 and is managed by First Trust.